Accounting Problems in Infrastructure Asset Valuation and Depreciation in New South Wales Local Government
Accounting Problems in Infrastructure Asset Valuation and Depreciation in New South Wales Local Government
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新南威尔士州地方政府基础设施资产计价和折旧的会计问题
DOI：
10.1111/auar.12275
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发表时间：
2018
影响因子：
3.4
通讯作者：
B. Dollery
中科院分区：
文献类型：
--
作者：
I. Ivannikov;B. Dollery
本文的目的是双重的：（一）调查是否新南威尔士州（NSW）地方政府议会遵守澳大利亚会计准则在会计重估其基础设施资产和（ii）评估任何后果的可靠性，在新南威尔士州地方政府的财务报告。以道路资产为例，我们分析了2013年至2016年期间89个新南威尔士州议会在其财务报表中报告的道路资产重估结果。在此分析中，我们集中于公允价值的累计折旧及减值亏损部分变动占重估资产重置成本总额的百分比的影响。分析表明，在大多数情况下，这种影响是显着的。然而，这一影响的会计和报告在理事会之间惊人地不一致。基于对会计框架的批判性分析和对重估影响的披露，我们得出结论，资产公允价值变动的主要原因是对剩余使用寿命的估计发生了变化。此外，我们认为，理事会在确定资产的使用寿命时没有遵守AASB 116的要求。
The aim of this paper is twofold: (i) to investigate whether New South Wales (NSW) local government councils comply with Australian Accounting Standards in accounting for revaluation of their infrastructure assets and (ii) to assess any consequences for the reliability of financial reporting in NSW local government. Using road assets as an example, we analyse the results of revaluations of road assets undertaken by 89 NSW councils as reported in their financial statements during the period 2013 to 2016. In this analysis we focus on the effect of a change in accumulated depreciation and impairment loss component of fair value as a percentage of the gross replacement cost of the revalued assets. The analysis reveals that in most cases this effect is significant. However, the accounting and reporting of this effect is strikingly inconsistent between the councils. Based on a critical analysis of the accounting framework and disclosure of the revaluation effects, we conclude that the main reason for the change in the fair value of assets is altered estimates of remaining useful life. Furthermore, we argue that councils did not comply with the requirements of AASB 116 in determining the useful life of the assets.